Edelweiss Liquid Direct-Growth
(Scheme Rating)
NAV as of Aug 29, 2024
3,212.980.02%
- Growth - Direct
- IDCW Weekly - Direct
- Bonus - Regular
- IDCW Yearly - Regular
- Growth - Direct
- IDCW Daily - Direct
- IDCW - Regular
- IDCW Weekly - Regular
- Growth - Regular
- IDCW Monthly - Regular
- IDCW Daily - Regular
- IDCW Fortnightly - Regular
- IDCW Monthly - Regular
- IDCW Weekly - Regular
- Growth - Regular
- IDCW Daily - Regular
- Bonus - Direct
- IDCW Fortnightly - Direct
- IDCW Monthly - Direct
- IDCW Yearly - Direct
- IDCW - Direct
(Earn upto 0.17% Extra Returns with Direct Plan)
- Growth - Direct
Fund Category:
Debt: Liquid
Expense Ratio:
0.08%(0.15% Category
average)Fund Size:
Rs. 5,428.32 Cr(1.07% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Edelweiss Liquid Direct-Growth
(Scheme Rating)
NAV as of Aug 29, 2024
3,212.980.02%
Expense Ratio:
0.08%
Fund Size:
Rs. 5,428.32 Cr
Fund Category:
Debt: Liquid
1. Current NAV: The Current Net Asset Value of the Edelweiss Liquid Fund - Direct Plan as of Aug 29, 2024 is Rs 3,212.98 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 7.5% (1yr), 6.06% (3yr), 5.37% (5yr) and 6.81% (since launch). Whereas, Category returns for the same time duration are: 7.12% (1yr), 5.81% (3yr) and 5.05% (5yr).
3. Fund Size: The Edelweiss Liquid Fund - Direct Plan currently holds Assets under Management worth of Rs 5428.32 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.08% for Direct plan as on Jul 19, 2024.
5. Exit Load: Edelweiss Liquid Fund - Direct Plan shall attract an Exit Load, "Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days."
6. Minimum Investment: Minimum investment required is Rs 100 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
Edelweiss Liquid Direct-Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.59 1.80 3.72 7.50 6.06 5.37 Category Avg 0.56 1.70 3.50 7.12 5.82 5.05 Rank within Category 4 2 1 1 7 3 No. of funds within Category 46 44 43 42 38 37 - Loading...
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Return Comparison
- This Fund
- BenchmarkAditya Birla SL Liquid Direct-G
Choose from Benchmarks
- S&P BSE Sensex
- Nifty 50
- 1M
- 3M
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- 1Y
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Edelweiss Liquid Direct-Growth Fund Details
Investment Objective - The Scheme aims to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through a portfolio of money market and debt securities.
Fund House | Edelweiss Mutual Fund |
Launch Date | Jan 01, 2013 |
Benchmark | NIFTY Liquid Index B-I |
Return Since Launch | 6.81% |
Riskometer | Low to Moderate |
Type | Open-ended |
Risk Grade | - |
Return Grade | High |
Edelweiss Liquid Direct-Growth Investment Details
Minimum Investment (Rs.) | 100.00 |
Minimum Additional Investment (Rs.) | 100.00 |
Minimum SIP Investment (Rs.) | 100.00 |
Minimum Withdrawal (Rs.) | 1.00 |
Exit Load Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days. |
Portfolio Allocation
Portfolio Aggregates
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Modified Duration(Yrs) | 0.14 | 0.1942 | 0.0002 | 0.1137 |
Average Maturity(Yrs) | 0.14 | 0.205 | 0.03 | 0.1188 |
Yield to Maturity(%) | 7.1 | 8.21 | 5.25 | 7.0464 |
Avg Credit Rating | Low | - | - | - |
Style Box
Investment / Portfolio Grades
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
Government Backed | 21.48 | 20.22 |
Low Risk | 82.14 | 78.58 |
Moderate Risk | - | - |
High Risk | - | - |
Very High Risk | - | - |
Others | -3.62 | 1.21 |
Type of Holdings
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
GOI | - | 0.01 |
CD | 30.03 | 29.61 |
T-Bills | 21.48 | 20.19 |
CP | 52.02 | 45.89 |
NCD & Bonds | 0.09 | 3.10 |
PTC | - | - |
Cash & Others | -3.62 | 1.22 |
Debt Holding In Portfolio
Instrument | Type | Sector | Rating | Value(Mn) | Total Holding(%) | Quantity |
---|---|---|---|---|---|---|
Reserve Bank of India | Short-term Debt | Financial | SOV | 3,217.62 | 5.93 | - |
Reserve Bank of India | Short-term Debt | Financial | SOV | 1,999.64 | 3.68 | - |
Reliance Retail Ventures Ltd | Short-term Debt | Services | A1+ | 1,988.87 | 3.66 | 2,00,00,000 |
Motilal Oswal Financial Services Ltd | Short-term Debt | Financial | A1+ | 1,986.16 | 3.66 | 2,00,00,000 |
National Housing Bank | Short-term Debt | Financial | A1+ | 1,978.63 | 3.65 | 2,00,00,000 |
Aditya Birla Housing Finance Ltd | Short-term Debt | Financial | A1+ | 1,969.67 | 3.63 | 2,00,00,000 |
Canara Bank | Short-term Debt | Financial | A1+ | 1,967.18 | 3.62 | 2,00,00,000 |
Reserve Bank of India | Short-term Debt | Financial | SOV | 1,747.84 | 3.22 | - |
Reserve Bank of India | Short-term Debt | Financial | SOV | 1,725.56 | 3.18 | 1,75,00,000 |
Punjab National Bank | Short-term Debt | Financial | A1+ | 1,484.92 | 2.74 | - |
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Edelweiss Liquid Direct-Growth 3,212.98 5,428.32 0.59 7.50 6.07 5.37 Aditya Birla Sun Life Liquid Fund Direct-Growth 401.46 51,273.51 0.59 7.47 6.09 5.35 Mahindra Manulife Liquid Fund Direct -Growth 1,619.56 1,516.20 0.59 7.46 6.09 5.37 Union Liquid Fund Direct-Growth 2,398.40 4,309.48 0.59 7.45 6.07 5.33 Nippon India Liquid Fund Direct-Growth 6,086.40 32,733.81 0.58 7.44 6.05 5.32
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
High Volatality
0.47VS0.46Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
High Volatality
0.95VS0.91Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Better risk-adjusted returns
0.60VS0.45Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Better risk-adjusted returns
0.30VS0.23Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Better risk-adjusted returns
2.23VS2.06Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
5.82VS5.74Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Edelweiss Mutual Fund News
- SME IPO frenzy stuns Radhika Gupta, calls it sin of bull market
- It is pointless trying to invest in the #1 fund: Radhika Gupta of Edelweiss Mutual Fund explains
- 'Stop showing 1-year Mutual Fund performances': Why Edelweiss MF Chief Radhika Gupta isn't happy with return numbers
- Mango Millionaire: Radhika Gupta announces new book on investing
Fund Manager
- R.D.Rahul DedhiaSince Dec 201719 schemes
- P.K.Pranavi KulkarniSince Nov 202113 schemes
Mr. Dedhia is a B.E. (Electronics) and also holds a PGeMBA - Finance. Prior to joining Edelweiss Mutual Fund, he has worked with PGIM India Mutual Fund as Assistant Fund Manager.
Ms. Kulkarni is a BE Computer Science, MBA Finance Prior to joining Edelweiss Mutual Fund, she has worked with CRISIL Ltd. and Yes Bank.
More Edelweiss Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Edelweiss Arbitrage Fund Direct-Growth | 11,768.88 | 0.69 | 2.15 | 4.51 | 8.61 | 6.51 | |
Edelweiss Balanced Advantage Fund Direct-Growth | 11,281.66 | 3.09 | 8.87 | 13.15 | 26.40 | 14.93 | |
Edelweiss NIFTY PSU Bond Plus SDL Apr 2026 50:50 Index Fund Direct - Growth | 10,073.56 | 0.63 | 1.89 | 3.78 | 6.98 | 5.36 | |
BHARAT Bond FOF - April 2030 Direct - Growth | 6,767.58 | 0.99 | 1.65 | 4.55 | 6.64 | 5.58 | |
Edelweiss Mid Cap Direct Plan-Growth | 5,863.60 | 11.08 | 25.36 | 28.54 | 59.98 | 30.06 | |
Edelweiss Liquid Direct-Growth | 5,095.66 | 0.62 | 1.91 | 3.83 | 7.43 | 5.83 | |
BHARAT Bond FOF - April 2025 Direct - Growth | 4,981.09 | 0.67 | 1.92 | 3.89 | 7.19 | 4.99 | |
BHARAT Bond FOF - April 2031 Direct - Growth | 4,554.13 | 0.64 | 1.54 | 3.85 | 6.58 | 5.31 | |
BHARAT Bond ETF FOF - April 2032 Direct - Growth | 4,373.51 | 0.92 | 1.65 | 4.59 | 6.24 | - | |
Edelweiss Small Cap Fund Direct - Growth | 3,421.55 | 8.77 | 22.71 | 20.83 | 51.69 | 30.03 |
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1. Edelweiss Liquid Fund - Direct Plan is Open-ended Liquid Debt scheme which belongs to Edelweiss Mutual Fund House.
2. The fund was launched on Jan 01, 2013.
Investment objective & Benchmark
1. The investment objective of the fund is that " The Scheme aims to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through a portfolio of money market and debt securities. "
2. It is benchmarked against NIFTY Liquid Index B-I.
Asset Allocation & Portfolio Composition
1. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of Edelweiss Liquid Fund - Direct Plan is 0.14 years and Duration is 0.14186301 years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.
Tax Implications on Edelweiss Liquid Direct-Growth
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
This Might Catch Your Interest
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- Edelweiss Liquid Direct-IDCW Fortnightly
- Edelweiss Liquid Direct-IDCW Monthly
- Edelweiss Liquid Direct-IDCW Yearly
- Edelweiss Liquid Direct-IDCW
FAQs about Edelweiss Liquid Direct-Growth
- Is it safe to invest in Edelweiss Liquid Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Edelweiss Liquid Fund - Direct Plan comes under Low to Moderate risk category.
- What is the category of Edelweiss Liquid Fund - Direct Plan?Edelweiss Liquid Fund - Direct Plan belongs to the Debt : Liquid category of funds.
- How Long should I Invest in Edelweiss Liquid Fund - Direct Plan?The suggested investment horizon of investing into Edelweiss Liquid Fund - Direct Plan is <3 month. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Edelweiss Liquid Fund - Direct Plan?The Edelweiss Liquid Fund - Direct Plan is managed by Rahul Dedhia (Since Dec 11, 2017) and Pranavi Kulkarni (Since Nov 23, 2021).
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